Looking to balance out your exposure to CB? The ETFs below have the lowest correlation with CB — they tend to move on their own, which can help reduce risk when CB drops. The stock ideas table highlights individual companies that behave independently from CB.
Best Diversifiers for CB
220 ETFs have low correlation with CB (below 0.3), 152 of which are negatively correlated. The least correlated is Roundhill Generative AI & Technology ETF (CHAT) (Technology Equities) with a 1Y correlation of -0.38, down from -0.18 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Roundhill Generative AI & Technology ETF | -0.38 | -0.18 | — | 89 | Technology Equities | CB vs CHAT | |
| ProShares Ultra Semiconductors | -0.38 | -0.17 | 0.03 | 82 | Leveraged Equities, Semiconductors | CB vs USD | |
| VanEck Fabless Semiconductor ETF | -0.34 | — | — | 87 | Semiconductors, Technology Equities | CB vs SMHX | |
| Vanguard Information Technology ETF | -0.33 | -0.11 | 0.09 | 58 | Technology Equities | CB vs VGT | |
| iShares Semiconductor ETF | -0.33 | -0.12 | 0.06 | 95 | Semiconductors, Technology Equities | CB vs SOXX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CB and solid risk/return profiles. The least correlated is Micron Technology, Inc. (MU) (Technology) with a 1Y correlation of -0.35, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Micron Technology, Inc. | -0.35 | -0.14 | 0.03 | 99 | Technology | |
| Advanced Micro Devices, Inc. | -0.32 | -0.10 | 0.02 | 96 | Technology | |
| Broadcom Inc. | -0.31 | -0.14 | 0.04 | 71 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | -0.31 | -0.17 | -0.02 | 93 | Technology | |
| NVIDIA Corporation | -0.31 | -0.15 | 0.01 | 70 | Technology |
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